GRPM vs VOO
Invesco S&P MidCap 400 GARP ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GRPM delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GRPM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $484M | $979.0B | |
| Dividend Yield | 0.73% | 1.09% | |
| Holdings | 60 | 509 | |
| YTD Return | +19.18% | +13.80% | |
| 1Y Return | +27.94% | +23.71% | |
| 3Y Return (annualized) | +16.43% | +21.50% | |
| 5Y Return (annualized) | +10.51% | +13.44% | |
| Volatility (annualized) | 18.4% | 14.1% | |
| Max Drawdown | -44.5% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 3, 2010 | Sep 7, 2010 |
GRPM vs VOO Performance
Invesco S&P MidCap 400 GARP ETF (GRPM) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GRPM returned +27.94% while VOO returned +23.71%. Year to date, GRPM is up 19.18% versus a gain of 13.80% for VOO.
Over three years, GRPM compounded at +16.43% per year against +21.50% for VOO; over five years the annualized figures are +10.51% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs +10.87%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GRPM has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -44.5% for GRPM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GRPM charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, GRPM currently yields 0.73% against 1.09% for VOO.
Holdings Overlap
GRPM and VOO share 0 holdings out of 565 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GRPM or VOO?
GRPM has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, GRPM or VOO?
Over the past year GRPM returned +27.94% vs +23.71% for VOO, so GRPM leads on 1-year performance. Over the longest common window we track (16 years), GRPM annualized +10.87% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, GRPM or VOO?
GRPM has been the more volatile fund at 18.4% annualized versus 14.1% for VOO. Worst drawdown: GRPM -44.5% vs VOO -34.3%.
Should I hold both GRPM and VOO?
GRPM and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GRPM and VOO?
GRPM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 565 unique securities.
Which pays a higher dividend, GRPM or VOO?
GRPM yields 0.73% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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